Proyek Tebo Tebo Project

PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 74

15. PROYEK PENGEMBANGAN USAHA Lanjutan

15. BUSINESS DEVELOPMENT PROJECTS

Continued c. Proyek Karet c. Rubber Project Proyek Karet merupakan biaya yang dikeluarkan Kelompok Usaha sehubungan dengan rencana proyek pengembangan perkebunan karet di Bengkulu dengan luas areal 3.528 hektar. Rubber Project consists of costs incurred by the Group related to the development of the project plan for rubber plantations in Bengkulu of 3,528 hectares. Pada tahun 2014, Proyek Karet telah dihapuskan sebesar Rp141,24 juta, sedangkan sebesar Rp250 juta direklasifikasi sebagai “Aset tidak lancar lainnya”. In 2014, Rubber Project costs amounting to Rp141.24 million were written-off, while Rp250 million were reclassified to “Other non-current assets”. Berdasarkan evaluasi manajemen, kecuali atas beberapa proyek yang telah dihapuskan, tidak terdapat kejadian- kejadian atau perubahan-perubahan keadaan yang mengindikasikan adanya penurunan nilai proyek pengembangan usaha Kelompok Usaha. Based on the evaluation of management, except for certain projects which have been written-off, there were no events or changes in circumstances that indicate impairment in the value of the Group’s business development projects. 16. BEBAN TANGGUHAN HAK ATAS TANAH 16. DEFERRED COSTS OF LAND RIGHTS Akun ini terdiri dari: This account consists of: 30 Juni 2015 31 Desember 2014 June 30, 2015 December 31, 2014 Beban tangguhan hak atas tanah 15.133.718 5.495.757 Deferred cost of land rights Penambahan - 9.637.961 Additions Total 15.133.718 15.133.718 Total Akumulasi amortisasi 1.665.199 1.427.602 Accumulated amortization Neto 13.468.519 13.706.116 Net Mutasi akumulasi amortisasi beban tangguhan hak atas tanah adalah sebagai berikut: Movements in accumulated amortization of deferred costs of land rights are as follows: 30 Juni 2015 31 Desember 2014 June 30, 2015 December 31, 2014 Saldo awal 1.427.602 938.673 Beginning balance Beban amortisasi periode berjalan 237.597 488.929 Amortization expense for the period Saldo akhir 1.665.199 1.427.602 Ending balance 17. PINJAMAN BANK JANGKA PENDEK 17. SHORT-TERM BANK LOANS Pada tanggal 18 Juni 2015, PT Nibung Arthamulia “NAM”, Entitas Anak, memperoleh fasilitas pinjaman dari PT Bank Capital Indonesia Tbk “BACA” sejumlah Rp30 miliar. Fasilitas ini digunakan untuk membiayai modal kerja dan dikenakan suku bunga 16 per tahun. Fasilitas ini akan jatuh tempo dalam jangka waktu setahun dan dapat diperpanjang kembali. On June 18, 2015, PT Nibung Arthamulia “NAM”, a Subsidiary, received a loan from PT Bank Capital Indonesia Tbk “BACA” amounting to Rp30 billion. The facility is used to finance its working capital and bears interest of 16 per annum. This facility will mature in one year and renewable. PT BAKRIE SUMATERA PLANTATIONS Tbk AND SUBSIDIARIES NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2015 Expressed in thousands of Rupiah, unless otherwise stated 75

17. PINJAMAN BANK JANGKA PENDEK Lanjutan

17. SHORT-TERM BANK LOANS Continued

Pada tanggal 15 Juni 2015, PT Citalaras Cipta Indonesia “CCI”, Entitas Anak, memperoleh fasilitas pinjaman dari BACA sejumlah Rp15 miliar. Fasilitas ini digunakan untuk membiayai modal kerja dan dikenakan suku bunga 16 per tahun. Fasilitas ini akan jatuh tempo pada 14 Maret 2015 dan dapat diperpanjang kembali. On June 15, 2015, PT Citalaras Cipta Indonesia “CCI”, a Subsidiary, received a loan from BACA amounting to Rp15 billion. The facility is used to finance its working capital and bears interest of 16 per annum. This facility will mature on March 14, 2015 and renewable. Pada tanggal 14 Maret 2015, CCI telah memperbaharui pinjaman yang diperoleh pada tahun 2012 dari BACA sebesar Rp20 milliar. Fasilitas ini dikenakan bunga pinjaman sebesar 16 per tahun dan akan jatuh tempo dalam setahun. Pinjaman tersebut digunakan untuk membiayai modal kerjanya. On March 14, 2015, CCI has renewed its loan which received in 2012 from BACA amounting to Rp20 billion. The facility bears an interest rate of 16 per annum and will mature in one year. This facility is used to finance its working capital. Pada tanggal 21 Maret 2015, PT Julang Oca Permana “JOP”, Entitas Anak, telah memperbaharui pinjaman yang diperoleh pada tahun 2012 dari BACA sebesar Rp20 milliar. Fasilitas ini dikenakan bunga pinjaman sebesar 16 per tahun dan akan jatuh tempo dalam setahun. Pinjaman tersebut digunakan untuk membiayai modal kerjanya. On March 21, 2015, PT Julang Oca Permana “JOP”, a Subsidiary, has renewed its loan which received in 2012 from BACA amounting to Rp20 billion. The facility bears an interest rate of 16 per annum and will mature in one year. This facility is used to finance its working capital. Fasilitas ini dijamin dengan tanah, termasuk bangunan dan segala sesuatu yang berdiri dan tertanam diatas tanah tersebut yang dimiliki PT Sumbertama Nusapertiwi “SNP”; mesin-mesin dan peralatan yang dimiliki SNP; dan Corporate Guarantee dari SNP. These facilities were secured by land, including buildings and everything built and planted on the land of PT Sumbertama Nusapertiwi “SNP”; machinery and equipment of SNP; and Corporate Guarantee from SNP. Pada tanggal 30 Juni 2015 dan 31 Desember 2014, total saldo pinjaman dari PT Bank Capital Indonesia Tbk masing-masing sebesar Rp63,50 miliar dan 40 miliar. As of June 30, 2015 and December 31, 2014, the outstanding loan obtained from PT Bank Capital Indonesia Tbk totaling Rp 63.50 billion and Rp40 billion, respectively. 18. UTANG USAHA - PIHAK KETIGA 18. TRADE PAYABLES - THIRD PARTIES Akun ini terdiri dari: This account consists of: 30 Juni 2015 31 Desember 2014 June 30, 2015 December 31, 2014 Dolar Amerika Serikat United States Dollar JJ Lurgi Engineering M SB 49.588.310 49.588.311 JJ Lurgi Engineering M SB Toyo Engineering Construction 13.983.217 13.047.646 Toyo Engineering Construction Lain-lain masing-masing Others each below di bawah Rp10 miliar 22.062.235 31.954.167 Rp10 billion Sub-total 85.633.762 94.590.124 Sub-total Rupiah Rupiah PT Triroyal Timur Raya 17.651.396 17.664.596 PT Triroyal Timur Raya PT Lingga Manik 16.006.620 17.552.242 PT Lingga Manik Lain-lain masing-masing di bawah Others each below Rp10 miliar 200.542.131 198.664.302 Rp10 billion Sub-total 234.200.147 233.881.140 Sub-total Total 319.833.909 328.471.264 Total